Quality of Life in Nashville, TN for a $123,000 Salary

Nashville, Tennessee, known for its vibrant music scene and rich history, has become a desirable location for many to live in. A salary of $123,000 provides a significant degree of comfort and can afford a reasonable quality of life. Here's an assessment of various aspects relative to this salary:

Cost of Living

• Overall Cost: Nashville’s cost of living is slightly higher than the national average, particularly when it comes to housing and healthcare.
• Groceries and Utilities: Prices for groceries and utilities tend to be on par with national averages, making these expenses manageable within this salary.
• Transportation: With developing public transportations like the bus system and increasing options for biking, transportation costs can be reasonable, though many still rely on personal vehicles.

Housing Market

• Median Home Price: As of the latest figures, the median home price in Nashville is higher than the national average, which poses a challenge for first-time buyers. However, with a $123,000 income, one can afford decent housing options, though it may require compromising on size or location.
• Rental Market: Rental prices have seen an increase, but are still competitive compared to other major cities. This makes renting a viable option for many residents who prefer urban living close to amenities.

Quality of Life

• Entertainment and Dining: Nashville offers a rich cultural scene with numerous live music venues, theaters, and an impressive array of dining options. There is ample opportunity to engage in social and cultural activities.
• Outdoor and Recreational Activities: With various parks and proximity to natural attractions, residents can enjoy a healthy outdoor lifestyle.

Access to Healthcare

• Healthcare Facilities: Nashville is home to some reputable healthcare institutions, ensuring accessible and quality care.
• Insurance Costs: Health insurance premiums are slightly higher than the national average but provide good coverage. Given this salary range, paying for premiums and out-of-pocket expenses is feasible.

Quality of K-12 Schools

• Public Schools: The quality of K-12 education in Nashville varies. While there are several high-performing schools, other areas struggle with lower ratings.
• Private Schooling Options: For those opting for private education, Nashville offers several prestigious private schools, though this could be a significant financial commitment.

Assessment Summary

Living in Nashville on a $123,000 salary presents